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Discuss the disclosures relating to inventory required by AASB 102.Include a discussion on the disclosures required by not-for-profit entities.
Market Price
The price at which an asset or service is traded in the open market.
Short-term Profits
Refers to the earnings generated by a company over a short period, typically within a year.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest held by shareholders.
Available-for-sale Securities
Financial assets that are neither classified as held-to-maturity nor trading securities, and can be sold in the short-term depending on financial needs or market conditions.
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